The value of the goods and services Australia purchases from the U.S. are less than the value of goods and services the U.S. purchases from Australia. The U.S. has

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10-07-2020
Business

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The value of the goods and services Australia purchases from the U.S. are less than the value of goods and services the U.S. purchases from Australia. The U.S. has

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tutordamola tutordamola · Answer 1 · 2020-07-14T04:00:06+02:00

Answer:

The answer is The U.S has a negative net exports with Australia and trade deficit with Australia

Explanation:

Net exports is the difference between the total value of a nation's exports and the nation's imports.

Net exports are positive when exports are greater(Australia)than imports and negative when exports are less than imports(The U.S). Also, positive net export number indicates a trade surplus, while a negative number means a trade deficit.